๐ Happy International Technical Analysts Day! ๐ Today we celebrate the global community of chartists, strategists, and market technicians who turn data into insight and patterns into possibility.
Posts by Society of Technical Analysts
๐จ Gold has broken higher โ just as we anticipated ๐
Reaction loads hinted at the move, but now the question is: whereโs your stop?
๐ On the 4H chart, the red Ichimoku line near 3540 offers solid support.
๐ Price + leading line both broke above the cloud โ classic breakout signal.
๐ #Bitcoin Technical Update (Not Investment Advice) BTC has broken below its uptrend and slipped under the 55-day MA (~113,536) and August low (~113K). (we recommended that stops for longs were raised below this uptrend in our last update). This leaves it vulnerable to further downside, with the 200-day MA (~100K) and the 50% retracement at 99,945 as key downside levels to watch. On the upside, resistance is now seen at: โข 113,536 (55-day MA) โข ~120K (breached uptrend) โข 123,615 & 125,200 (July/August highs) ๐ Watching whether BTC can reclaim resistance or risks further pressure toward long-term supports. #BTC #Crypto #TechnicalAnalysis #BitcoinUpdate
๐ #Bitcoin Technical Update (Not Investment Advice)
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๐จ Market Update: RSI Divergence Alert Last week, we flagged a daily RSI divergence on the S&P. Now, the weekly chart is flashing similar signals. ๐ Normally, when the market makes new highs, RSI should follow suit. But it isnโt. ๐ This โdivergenceโ reflects weakening upside momentum. ๐ Historically, this is treated as a red flag, often signaling risk of at least a near-term correction. Stay alertโmomentum is fading even as prices push higher. ๐ โ ๏ธ Not investment advice #SP500 #StockMarket #RSI #TechnicalAnalysis #Trading #Investing #MarketUpdate #Stocks
๐ "The trend is your friendโฆ until the end when it bends."
Donโt just follow trends โ learn to spot when theyโre about to change.
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๐๐ฌ "The best economist I know is the inside of the stock market." โ Stanley Druckenmiller
Sometimes the market speaks louder than any forecast, theory, or headline.
Itโs not about predicting โ itโs about listening.
#InvestingWisdom #StanleyDruckenmiller #StockMarket #TradingMindset #MarketSignals
๐จ Most traders fail. Hereโs whyโฆ
They stop learning.
๐ธ Risk management > being right.
๐ Dollar Wobbles โ But Is It Just Short-Term Noise? ๐ After a turbulent Friday driven by weak U.S. jobs data and political interference in statistical reporting, the U.S. dollar is staging a modest rebound to kick off the week. Key developments: ๐น Jobs shock: July payrolls missed estimates, and downward revisions wiped out 258k jobs over May and June. ๐น Fed cut expectations spike: Markets now price in ~90% chance of a September rate cut. ๐น Political pressure mounts: Trumpโs firing of the BLS Commissioner and the surprise resignation of Fed Governor Kugler fuel uncertainty around the Fedโs independence. ๐ก Technical Perspective Despite Friday's sell-off, the bigger picture matters. On the monthly chart, DXY (Dollar Index) is still holding above a long-term uptrend support dating back to 2011, currently around 96.52. This level acts as a structural anchor. While the short-term narrative is bearish, as long as the dollar holds above this line, thereโs room for recovery over the longer term. Not investment advice ๐งญ Donโt let the noise drown out the trend. Macro drives the mood, but technicals reveal the map. #Forex #USD #TechnicalAnalysis #Markets #Fed #Macro #TradingStrategy #Finance #DXY #LinkedInMarkets
๐ Todayโs close will be crucial โ if we finish below 6281, thereโs scope for a potential key weekly reversal too. โ ๏ธ Not investment advice.
๐ Market Watch Update
Following on from yesterdayโs video where we flagged vulnerability in the S&P, we've now seen another key day reversal. This is starting to feel like more than just end-of-month selling pressure.
Markets donโt care about your feelings โ they care about facts. ๐๐
Jesse Livermore said it best: 'Markets are never wrong, opinions often are.'
Stay disciplined. Trust the trend. Learn from the tape.
#TradingWisdom #JesseLivermore #MarketTruths #DisciplineOverEmotion #TraderLife
๐ Gold Hits 1-Month High Amid Trade Uncertainty & Fed Expectations ๐ช Gold prices surged Tuesday, reaching their highest level in over a month as a weaker U.S. dollar and lower Treasury yields boosted demand for the precious metal. ๐น Trade Talks in Focus: With the August 1 tariff deadline looming, investors are watching closely as negotiations stall. The EU is prepping broader countermeasures, signaling fading hopes for a deal with Washington. ๐น Central Bank Watch: โข ECB expected to hold rates at 2.0% during July 24 meeting. โข Fed policy meeting next week; markets see a 59% chance of a September rate cut โ bullish for gold. ๐ Technical View: Gold is stuck in a 3-month sideways range, capped at 3420. A breakout could retest the April high at 3500. Key support is at 3325 โ must hold to keep bullish momentum alive. Not investment advice. ๐ฌ Is gold gearing up for a breakout? Let us know your thoughts below! ๐ #Gold #Markets #Trading #Fed #ECB #Commodities #Investing #TechnicalAnalysis
๐ Gold Hits 1-Month High Amid Trade Uncertainty & Fed Expectations ๐ช
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๐ Silver prices hit 14-year highs, testing key technical levels amid economic and geopolitical uncertainty Silver has surged past $38.30/oz, marking a strong rebound and putting the spotlight on the critical $40 psychological level. The next major hurdle? $41.55, the 78.6% Fibonacci retracement of the decline from the 2011 peak to the 2020 low. A break here could pave the way for a retest of the $49.77 all-time high set in 2011. This rally comes as investors position ahead of pivotal US inflation data that could shape the Fedโs rate path. Chair Powell recently signalled inflation may tick higher this summer due to tariff pressures, delaying anticipated rate cuts. Meanwhile, renewed political pressure from President Trump, calling for rates under 1%, is raising fresh concerns around Fed independence. On the global stage, geopolitical tensions remain high. Trumpโs openness to new EU tariff negotiations contrasts with his threat of 100% secondary tariffs on Russia if no Ukraine peace deal is struck within 50 daysโadding another layer of uncertainty. ๐ Why it matters: โข Silver is benefiting both as an industrial metal amid hopes of economic resilience, and as a hedge against inflation and geopolitical risk. โข These moves highlight the delicate balance central banks face between supporting growth and containing price pressures, all under intense political scrutiny. ๐ Are you watching silver? Would love to hear your views. Not investment advice. #Silver #Commodities #Markets #Investing #FederalReserve #Inflation #MonetaryPolicy #Geopolitics #RiskManagement
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๐๏ธ Meanwhile, US House Republicans advance a new tax-cut bill. Markets are on edge โ growth fears vs inflation fights continue to shape the global rate outlook. Technically despite Reeves tears, the market remains underpinned by its 55-day ma at 1.3450 and we assume while above here that there remains upside scope. The 200-month ma is found at 1.4170 and letโs not forget the psychologically important 1.40 level. Not investment advice #Forex #USD #GBP #Markets #Fed #BOE #JobsReport #Investing
๐ฐ Dollar slips ahead of key US jobs data
๐ All eyes on todayโs employment report โ a weak print could pressure the Fed to cut rates sooner. Traders now see a 25% chance of a July cut. The Pound steadies after yesterdayโs slide on UK fiscal worries, as PM Starmer backs finance chief Reeves.
๐ Gold on the Move? Gold futures are climbing ๐ โ up 1.3% at $3,350.20/oz, +0.5% this week โ driven by growing hopes of U.S. interest rate cuts and a weaker dollar. Analysts say the Fed could start easing later this year, and markets now expect at least two rate cuts in 2025. Lower rates typically shine a light on non-yielding assets like gold. Meanwhile, trade jitters under President Trump & the dollarโs worst H1 since 1973 are boosting goldโs safe-haven appeal. ๐ On the technical side, spot gold has been stuck in a 3-month sideways grind, but to me, it looks like a bullish consolidation (symmetrical triangle). The gold-silver ratio is stabilizing above its 200-day MA โ often a sign gold may start to outperform silver. When this tight range breaks, moves can be fast & sharp. Keep an eye on gold โ a breakout could be near. (๐ Not investment advice. DYOR!) #Gold #Investing #Markets #Commodities #Fed #Dollar #SafeHaven #TechnicalAnalysis
โ Canada just scrapped its digital tax on U.S. tech firmsโgiving a big boost to stalled U.S. trade talks. โ Last week, the S&P 500 & Nasdaq closed at all-time highs, helped by hopes of deeper U.S. rate cuts and AI enthusiasm. โ Big banks rallied after passing the Fedโs stress tests, paving the way for higher dividends & buybacks. ๐ Eyes now on: ๐ July 9โdeadline for new U.S. trade deals (or tariffs spike). ๐ Key economic data: non-farm payrolls & ISM reports this week. ๐ Fed Chair Powell & others set to speak. Technically I only have a Fibonacci extension to 6812 (projection of the 2020-2022 move from the 2022 low) and the top of a 14-year channel at 7000+ ๐ Despite the record run, itโs still the weakest first half since 2022. Will the bull run last? Not investment advice. #Stocks #Investing #NASDAQ #SP500 #WallStreet #Trading #Finance #MarketUpdate
๐ Markets on a tear!
๐ S&P 500 & Nasdaq futures jumped to record highs on Monday, fueled by trade optimism and tech strength.
๐ Bitcoin Update
๐๏ธ Safe Haven Unwinds Gold had surged as high as $3,450 during peak war tensions. But with peace prospects on the table, investors are pivoting back to risk โ leaving gold to cool off from war-driven highs. ๐ Whatโs Next for Gold? Volatility isn't done yet. Despite ceasefire talk, fresh attacks and geopolitical uncertainty could reignite demand for bullion. On the charts, gold is sitting just above its 55-day ma and uptrend at 3306/3296 โ this has underpinned the market since the beginning of 2025. Failure here would allow for a deeper correction to the 3120 May low and 3168 April peak. โ ๏ธ Caution for Gold Bulls Until thereโs confirmed peace, gold may continue to see sharp swings. Add in Powellโs testimony this week and a packed economic calendar โ and you've got a recipe for more turbulence in precious metals. Not investment advice. #Gold #XAUUSD #Markets #SafeHaven #Geopolitics #Ceasefire #Trading
๐ Gold Dips lower Amid Ceasefire Buzz
Gold (XAUUSD) slipped lower after former President Trump announced a proposed ceasefire between Israel and Iran, sparking a retreat from safe-haven assets.
๐ FX Check: โข EUR/GBP flat at 0.8548 โข GBP/USD steady at $1.3417 ๐ Tech View on GBP/USD: Sterling may have topped near-term around 1.3632, just shy of the 2001 low. Watch the 1.3229 level (the 2025 uptrend) โ holding here could mean recent weakness is just a correction. A break below? ๐ง That could hint at a deeper sell-off. ๐ Not investment advice. #Forex #BOE #GBP #Sterling #Markets #InterestRates #GBPUSD
๐ BOE in Focus: Market Awaits Policy Signal
The Bank of England is widely expected to hold interest rates steady, with markets pricing in nearly two cuts by year-end, according to LSEG. The BOE may endorse this outlook โ but risks lean toward signalling even more cuts, thanks to soft UK data lately
๐ Markets on Edge ๐
๐ Markets Watch: Caution Ahead? ๐ง